The Smart Hospital Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Hospital Market?
The Smart Hospital Global Market Report 2025 indicates that the size of the smart hospital market has seen significant expansion in recent years. The market, which was valued at $58.58 billion in 2024, is estimated to reach $71.56 billion in 2025. This represents a compound annual growth rate (CAGR) of 22.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Hospital Industry?
The Smart Hospital Global Market is forecasted to reach a size of $157.37 billion in 2029, expanding at a compound annual growth rate (CAGR) of 21.8%.
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What are the Key Growth Drivers Fueling the Smart Hospital Market?
The key drivers in the smart hospital market are:
• Rising focus on preventive care measures
• Increasing demand for real-time healthcare data
• Proliferation of Internet of Medical Things (IoMT) devices
• Rapidly aging global population, increasing healthcare costs
Global Market Segmentation: Identifying Major Smart Hospital Industry Segments
The smart hospital market covered in this report is segmented –
1) By Component: Hardware, Software System, Services
2) By Technology: Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequencies Identification, Other Technologies
3) By Connectivity: Wired, Wireless
4) By Application: Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record, Outpatient Vigilance
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What are the Emerging Trends Shaping the Future of the Smart Hospital Market?
The key trends in the smart hospital market are:
• The focus on preventive care is trending in the smart hospital market.
• Telemedicine and remote patient monitoring are emerging trends.
• The use of artificial intelligence and machine learning in healthcare is increasing.
• The importance and development of healthcare IoT security and smart hospital infrastructure are upcoming trends.
Who Are the Top Competitors & Leading Players in the Smart Hospital Market?
Major companies in the smart hospital market are:
• Apple Inc.
• Alphabet Inc.
• Microsoft Corporation
• AT&T Inc.
• Intel Corporation
• The International Business Machines Corporation
• Cisco Systems, Inc.
• Qualcomm Life
• SAP SE
• Medtronic PLC
• Nvidia Corporation
• Siemens Healthineers AG
• Koninklijke Philips N.V.
• GE Healthcare
• Stanley Healthcare
• Honeywell Life Care Solutions
• Cerner Corporation
• General Vision
• Allscripts Healthcare Solutions
• Athenahealth
• Brooks Automation
• AirStrip Technologies Inc.
• Welltok Inc.
• Enlitic Inc.
• Next IT Corp.
Regional Dominance: Which Area Leads the Global Smart Hospital Market?
North America was the largest region in the smart hospital market in 2024
